Money Laundering Regulations 2017 – Disciplinary action by SRA
The SRA has been visiting a number of firms to review compliance with the new 2017 Regulations.
As a result of those visits, they have referred 6 firms into the SRA disciplinary process.
If you have not carried out the required documented practice-wide risk assessment of your AML Policies and Procedures and implemented the other requirements of the new Regulations then you should do so without further delay.
You can download a copy of the SRA’s full thematic review or a summary of it on the following link